New Delhi, November 30, 2016
With insolvency professional agencies getting registered, the Insolvency and Bankruptcy Code will become operational from tomorrow.
The Code will help quicker resolution of cases and unlock the value of assets, Mamta Binani, President, ICSI, the apex body of company secretaries, told reporters here today.
New Delhi, November 28, 2016
With the ban on 500 and 1,000-rupee notes now more than two weeks old, the government has proposed new rules to tax black money that is being unearthed. The bill was submitted today for parliament's review by Finance Minister Arun Jaitley as the government is being attacked by a united opposition over its sudden withdrawal of 86 per cent of the notes in circulation to check black money and corruption. The move has plunged the country, especially rural India, into a major cash shortage.
New Delhi, November 27, 2016
Amid economic and geopolitical headwinds and challenges to the IT sector, Nasscom has asked the finance ministry to defer applicability of Place of Effective Management norms to maintain India’s competitive edge and pitched for tax sops in R&D.
The association has been “disappointed” by the draft goods and services tax (GST) law made public on Saturday, with Nasscom President R Chandrashekhar saying “serious concerns remain over intangibles (like software) not being clearly mentioned as service and also on issues like place of provisioning of service, and taxation of intra-corporate transactions”.
New Delhi,November 24, 2016
The Supreme Court today sought a response on the plea of market regulator SEBI that it has been dragged as a party in a PIL seeking a court-monitored CBI probe against Indians whose names have figured in Panama papers for allegedly holding bank accounts in foreign countries.
"We will require the petitioner to file an affidavit within four weeks showing as to how SEBI is connected with the present PIL," a bench of Justices Dipak Misra and Amitava Roy said.
Mumbai, April 13, 2017
You need to have a leave & license agreement, proof of money paid and proof of owner's tax status
When submitting house rent allowance (HRA) receipts, claiming that you pay rent to a close relative like parents, siblings or spouse, ensure that you have supporting documents to substantiate it.